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49 Stone Street 49 Stone St 21 Unit Apartment Building $6,727,602 CAD ($320,362 CAD/Unit) 2.99% Cap Rate Rochester, NY 14604

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Investment Highlights

Total renovation in 2020
Open-air rooftop deck and a view of the city, with a dog park, secure building access

Fully Renovated in 2020 - all mechanicals, electrical and plumbing, life safety and interior finishes.

Executive Summary

This Offering Memorandum has been prepared by Empire Commercial and Empire Realty Group (collectively, "Co-Brokers")
Fully Renovated in 2020 - all mechanicals, electrical and plumbing, life safety and interior finishes.
90.9% occupied
Institutional-Quality Finishes - exposed HVAC ductwork, in-unit washer/dryer
Open-air rooftop deck with dog park, secure building access

OFFERING MEMORANDUM 49 Stone Street, Rochester, NY

Site Plan

Property Facts

Price	$6,727,602 CAD	Building Class	C
Price Per Unit	$320,362 CAD	Lot Size	0.23 AC
Sale Type	Investment	Building Size	30,246 SF
Cap Rate	2.99%	Average Occupancy	90%
No. Units	21	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1900/2020
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential	Parking Ratio	0.17/1,000 SF
Apartment Style	Mid-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CBD - Office and Retail

Price	$6,727,602 CAD
Price Per Unit	$320,362 CAD
Sale Type	Investment
Cap Rate	2.99%
No. Units	21
Property Type	Multifamily
Property Subtype	Apartment General Retail Storefront Retail/Residential Office Office Residential
Apartment Style	Mid-Rise
Building Class	C
Lot Size	0.23 AC
Building Size	30,246 SF
Average Occupancy	90%
No. Stories	2
Year Built/Renovated	1900/2020
Parking Ratio	0.17/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	CBD - Office and Retail